$BLUESTONE

### **Growth Plans, Order Wins & Management Outlook** ** $BLUESTONE ** – Management targets around **30% same-store sales growth (SSSG)** and plans to invest **₹400–500 crore** to open **80 new stores this year**. Aggressive expansion could drive strong revenue growth, though execution and capex remain key factors. *(Positive)* ** $RALLIS ** – Management expects to comfortably achieve its **5-year target of expanding EBITDA margins by 500 bps**, aiming for a structurally sustainable **15%+ EBITDA margin**, even during weaker agricultural cycles. This indicates confidence in cost efficiencies and profitability improvement. *(Positive)* ** !Batliboi ** – Secured a **₹52 crore order**, significant compared with its market cap of around **₹380 crore**. The order strengthens the company's business pipeline and revenue visibility. *(Strongly Positive)*